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Convert
Ukrainian Hryvnia (UAH) to IOST (IOST) Instantly

UAH UAH
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Ukrainian Hryvnia (UAH) easily at Switchere and benefit from fast, secure transactions.

About
IOST (IOST)

IOST (Internet of Services Token) is an enterprise-grade blockchain platform designed to provide a highly scalable, secure, and decentralized network for the development of dApps. It directly addresses the blockchain trilemma by aiming for high throughput without sacrificing security or decentralization. The project stands out as a robust Web3 infrastructure, offering a developer-friendly environment capable of supporting service-oriented ecosystems. Its architecture is built to handle the high transaction volumes required by large-scale commercial applications, positioning it as a significant digital asset for enterprise solutions.

The core of IOST's innovation is its unique consensus mechanism, Proof-of-Believability (PoB). This algorithm operates alongside other proprietary technologies like Efficient Distributed Sharding (EDS) and Micro State Blocks (MSB) to achieve impressive transactions per second (TPS). PoB selects validators based on a believability score, which considers factors like token balance and reputation, ensuring network efficiency and cryptographic security. The native IOST utility token is essential for the ecosystem, used for paying gas fees, staking to contribute to the consensus mechanism, and participating in on-chain governance. This integrated tokenomics model incentivizes network participation and secures the distributed ledger.

IOST (IOST)

How to Buy IOST (IOST)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose UAH to IOST Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IOST Wallet Address

    Provide your IOST wallet address and proceed with the payment.

  3. 03

    Receive Your IOST

    Complete the payment, and your IOST will be sent to your wallet.

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Frequently asked questions

  • What is the most common process for buying IOST tokens with Ukrainian Hryvnia (UAH)?

    The primary method to buy IOST with UAH is through a cryptocurrency exchange that acts as a fiat on-ramp. Users typically need to register and complete KYC/AML verification. After that, you can deposit Ukrainian Hryvnia via local payment methods like a bank transfer from Privat24 or Monobank. Once the UAH is credited to your exchange account, you can use the UAH/IOST trading pair on the order book to purchase this digital asset.

  • What makes the IOST blockchain's Proof-of-Believability (PoB) consensus mechanism unique?

    IOST's Proof-of-Believability (PoB) is a unique consensus mechanism designed for high scalability and throughput (TPS). Unlike traditional PoS, PoB incorporates a reputation system where nodes earn 'Servi' points for positive contributions. These points, along with a node's stake, determine their eligibility to produce blocks. This system aims to create a more decentralized and efficient network, reducing the barrier to entry for block producers on this scalable blockchain.

  • Do I need to complete identity verification to trade UAH for IOST?

    Yes, virtually all reputable cryptocurrency exchanges that facilitate UAH to IOST transactions require mandatory identity verification. This process, known as KYC (Know Your Customer), is essential for AML (Anti-Money Laundering) compliance and adheres to Ukrainian financial regulations. Completing KYC is a crucial step for ensuring secure trading and protecting the platform's integrity.

  • Why is the IOST platform considered attractive for dApp development?

    The IOST platform is particularly attractive to developers due to its high performance and ease of use. It boasts very high transactions per second (TPS) and low fees, making it suitable for scalable dApps. A key feature is its support for JavaScript in smart contracts, which opens up development to a vast community of web developers. Additionally, its Micro State Block (MSB) technology helps optimize storage and network efficiency for the dApp ecosystem.

  • What are the key considerations regarding fees and liquidity for the UAH/IOST trading pair?

    When trading the UAH/IOST pair, liquidity can be a key factor. As a less common pair, it may have lower trading volume compared to major pairs, which could result in higher slippage on large orders. Regarding fees, you should account for several types: UAH deposit fees from your bank (e.g., Monobank), a trading fee charged by the exchange on its order book, and a network fee for withdrawing your IOST tokens to a private digital wallet.
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